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Home Loan Processing Fee

What is Processing Fee for Home Loan?

The home loan processing fee is the charge payable by the home loan applicant to his/her lender once the home loan application has been accepted. The processing charges for home loans are one-time fees that have to be paid by borrowers. You should never work out the cost of your home loan without processing fees. You can compare lenders and choose the lowest processing fee home loan for yourself.

How much is Processing Charges for Home Loan?

While some lenders charge processing fees for home loans, some do not charge the same. When it comes to home loan interest rates, you should always compare and work out the monthly repayment using an online home loan EMI calculator. In case of several lenders, the processing fees vary between 0.5% - 1% while it even goes up to 2% - 3% in some cases. Bajaj Finserv offers home loan at low rate of interest with low processing fees.

Also Read: What is the Interest Rate for Home Loan

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